Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07407714 2022-07-01 2023-06-30 07407714 2021-07-01 2022-06-30 07407714 2023-06-30 07407714 2022-06-30 07407714 c:Director1 2022-07-01 2023-06-30 07407714 d:CurrentFinancialInstruments 2023-06-30 07407714 d:CurrentFinancialInstruments 2022-06-30 07407714 d:Non-currentFinancialInstruments 2023-06-30 07407714 d:Non-currentFinancialInstruments 2022-06-30 07407714 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07407714 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07407714 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07407714 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 07407714 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 07407714 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 07407714 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 07407714 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 07407714 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 07407714 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 07407714 d:ShareCapital 2023-06-30 07407714 d:ShareCapital 2022-06-30 07407714 d:RetainedEarningsAccumulatedLosses 2023-06-30 07407714 d:RetainedEarningsAccumulatedLosses 2022-06-30 07407714 c:OrdinaryShareClass1 2022-07-01 2023-06-30 07407714 c:OrdinaryShareClass1 2023-06-30 07407714 c:OrdinaryShareClass1 2022-06-30 07407714 c:OrdinaryShareClass2 2022-07-01 2023-06-30 07407714 c:OrdinaryShareClass2 2023-06-30 07407714 c:OrdinaryShareClass2 2022-06-30 07407714 c:OrdinaryShareClass3 2022-07-01 2023-06-30 07407714 c:OrdinaryShareClass3 2023-06-30 07407714 c:OrdinaryShareClass3 2022-06-30 07407714 c:FRS102 2022-07-01 2023-06-30 07407714 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07407714 c:FullAccounts 2022-07-01 2023-06-30 07407714 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07407714 6 2022-07-01 2023-06-30 07407714 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 07407714














SILCOCK HOLDINGS SOUTH EAST LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2023

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
REGISTERED NUMBER:07407714

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
                                                                    Note

Fixed assets
  

Investments
 4 
1,150
1,150

Current assets
  

Stocks
 5 
-
1,451,279

Debtors: amounts falling due within one year
 6 
1,561,942
128,386

Cash at bank and in hand
 7 
5,326
12,590

  
1,567,268
1,592,255

Creditors: amounts falling due within one year
 8 
(1,245,722)
(1,522,153)

Net current assets
  
 
 
321,546
 
 
70,102

Total assets less current liabilities
  
322,696
71,252

Creditors: amounts falling due after more than one year
 9 
(39,529)
(44,832)

  

Net assets
  
£283,167
£26,420


Capital and reserves
  

Called up share capital 
 11 
1,050
1,050

Profit and loss account
  
282,117
25,370

  
£283,167
£26,420


Page 1

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
REGISTERED NUMBER:07407714

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2024.



___________________________
J Silcock
Director

Page 2

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Silcock Holdings South East Limited is a company limited by shares.  The company registration number is 07407714 and is incorporated in England and Wales. The registered office and principal place of business  of the company is Unit 13 Willesborough Industrial Estate, Willesborough, Ashford, TN24 0TD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Stocks

Work in progress is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

Page 3

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of
Page 4

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 5

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies



Cost or valuation


At 1 July 2022
1,150



At 30 June 2023
£1,150




Page 6

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Work in Progress

2023
2022

Work in progress
£-
£1,451,279



6.


Debtors

2023
2022


Amounts owed by group undertakings
1,550,960
114,502

Other debtors
10,982
13,884

£1,561,942
£128,386



7.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
£5,326
£12,590



8.


Creditors: Amounts falling due within one year

2023
2022

Bank loans
5,804
5,803

Trade creditors
-
613,136

Amounts owed to group undertakings
266,676
100

Corporation tax
33,474
15,400

Other creditors
938,518
885,664

Accruals and deferred income
1,250
2,050

£1,245,722
£1,522,153



9.


Creditors: Amounts falling due after more than one year

2023
2022

Bank loans
£39,529
£44,832


Page 7

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022

Amounts falling due within one year

Bank loans
5,804
5,803

Amounts falling due 1-2 years

Bank loans
5,950
5,950

Amounts falling due 2-5 years

Bank loans
33,579
18,756

Amounts falling due after more than 5 years

Bank loans
-
20,126

£45,333
£50,635


Page 8

 
SILCOCK HOLDINGS SOUTH EAST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

11.


Share capital

2023
2022
Allotted, called up and fully paid



650 (2022 - 650) 'A' Ordinary Shares shares of £1.00 each
650
650
350 (2022 - 350) 'B' Ordinary Shares shares of £1.00 each
350
350
50 (2022 - 50) 'C' Ordinary Shares shares of £1.00 each
50
50

£1,050

£1,050


Page 9